T-Mobile Us Inc (TMUS) Short Interest Update

T-Mobile Us Inc (NASDAQ:TMUS) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,402,475 shares, a decline of 13.0% from the February 28th total of 9,660,030 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 2,538,987 shares, the short-interest ratio is presently 3.3 days.

TMUS stock traded up $0.08 during midday trading on Monday, hitting $73.79. The company had a trading volume of 2,163,766 shares, compared to its average volume of 3,500,191. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.70 and a current ratio of 0.81. T-Mobile Us has a 52 week low of $55.09 and a 52 week high of $74.06. The company has a market capitalization of $62.70 billion, a P/E ratio of 21.96, a PEG ratio of 1.24 and a beta of 0.43.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, February 7th. The Wireless communications provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.06. T-Mobile Us had a return on equity of 12.12% and a net margin of 6.67%. The firm had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.38 billion. During the same quarter in the previous year, the company posted $3.11 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that T-Mobile Us will post 3.97 earnings per share for the current year.

In related news, EVP Elizabeth A. Mcauliffe sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $69.52, for a total value of $156,420.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO G Michael Sievert sold 4,766 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $73.58, for a total value of $350,682.28. Following the completion of the sale, the chief operating officer now owns 543,391 shares in the company, valued at $39,982,709.78. The disclosure for this sale can be found here. Insiders sold a total of 60,244 shares of company stock worth $4,242,113 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in TMUS. CWM LLC raised its holdings in shares of T-Mobile Us by 440.3% during the fourth quarter. CWM LLC now owns 389 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 317 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of T-Mobile Us by 42.0% during the fourth quarter. Financial Advocates Investment Management now owns 541 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. PRW Wealth Management LLC bought a new position in shares of T-Mobile Us during the fourth quarter valued at approximately $34,000. Semmax Financial Advisors Inc. bought a new position in shares of T-Mobile Us during the fourth quarter valued at approximately $37,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of T-Mobile Us by 54.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 641 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

TMUS has been the subject of a number of recent analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $85.00 target price on shares of T-Mobile Us in a report on Wednesday, December 19th. BidaskClub raised T-Mobile Us from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research raised T-Mobile Us from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Saturday, January 5th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Tuesday, January 8th. Finally, HSBC reissued a “buy” rating and set a $76.00 price objective on shares of T-Mobile Us in a report on Monday, January 14th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $79.21.

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About T-Mobile Us

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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